BUSINESS INCOME LOST AND FOUND Prepare your clients for carrier methods used to reduce the amount of covered income losses Producers may wonder how some adjusters can utilize terms and concepts not expressed and defined in a policy, but the terms mentioned above have received some sanction from the courts. By Joseph S. Harrington, CPCU Explaining how business income insurance works is among the most challenging tasks facing commercial lines
Coverage Concerns
WHEN FARMING ISN’T “FARMING” How do “business” and “farming” interact within the coverage form? Writing farms without a clear understanding of how liability coverage is provided … can be dangerous, for both the insured and their agent or broker. By Casey Roberts, CIC, ACSR, AFIS When one is asked to write liability coverage for a farming operation, the immediate expectation among most is that the coverage will be provided by
CYBERCRIME: CYBER POLICY, CRIME POLICY OR BOTH? Coalition webinar breaks down five core attack types By Christopher W. Cook Protecting your clients against cybercrime can be confusing, and the specific actions of a threat actor can affect which type of policy could cover a claim. And nowadays, cybercrime is everywhere. A recent webinar by Coalition, a cyber insurance provider, stated that according to the FBI, $27.6 billion had been lost
PRIOR KNOWLEDGE AFTER THE FACT What insureds knew and should have known makes a big difference for liability coverage Claims-made coverage almost always includes exclusions for claims arising from acts or omissions that the insured knew or—perhaps —should have known could result in a claim when applying for coverage. By Joseph S. Harrington, CPCU Fifty years after the riveting US Senate Watergate hearings, we have a pretty complete answer to
FULFILLING THE COVERAGE YOU SELL Consistent coverage interpretations and claim resolutions will promote consumer confidence at both ends of the insurance transaction It’s taken awhile, but regulations governing the conduct of public insurance adjusters … are becoming as rigorous and pervasive as those regulating agents and brokers By Joseph S. Harrington, CPCU It’s taken awhile, but regulations governing the conduct of public insurance adjusters, who represent policyholders in claim
